Abstract: As the panic over systemic risk recedes (for now) with the bailout of the GSEs, the market is rapidly coming to terms with the fact that the tremendous strain on the banking system is not subject to any quick fix.

Brief Excerpt: Deleveraging, Systemic Risk and the Credit Crunch Systemic panic is receding, but the outlook for the banks is still grim Combo of financial and real economic deleveraging makes for a brutal hangover from the credit binge Bank retrenchment...

Report Type: Strategy Article
Source: CreditSights Inc
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 CreditSights
CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.